BYD Posts Record Q4 Profit
15 Mar 2010, 11:28 UTC · By: Daniel Patrascu / After an incredible 2009 in terms of sales and an at least as promicing start of 2010, Chinese manufacturer BYD posted 1.46 billion yuan ($214 million) earnings for Q4, nearly doubling the initial f...
Audi Group Shows 2009 Key Earnings
10 Mar 2010, 09:57 UTC · By: Alex Vasile / Despite the downfall of the auto industry, the Audi Group managed to finish the 2009 fiscal year with a positive operating profit and only a slight decrease of vehicle deliveries. “The oper...
Daimler Posts 2009 EBIT and 2010 Previsions
18 Feb 2010, 10:54 UTC · By: Alex Vasile / Last year was a difficult one for most automakers, but everybody managed to pull through. Daimler had a difficult first half of year, but managed to improve its EBIT in the third and fourth quarter....
Toyota Posts Q3 Revenue Increase, Ups Forecast
4 Feb 2010, 15:41 UTC · By: Daniel Patrascu / As most of the third quarter of 2009 to which the financial report posted by Japanese carmaker Toyota refers to has somewhat escaped the negative publicity of the recent recall frenzy, the carmaker ...
KTM Posts Profit Despite Low Sales
1 Feb 2010, 15:59 UTC · By: Alina Dumitrache / Most motorcycle manufacturers are struggling to survive the economic crisis, but this is certainly not KTM’s case. The Austrian manufacturer recently released its sales report for 2009, which ...
Ford Posts 2009 PROFIT
28 Jan 2010, 13:48 UTC · By: Daniel Patrascu / And that, ladies and gentlemen, is how it SHOULD be done... At least, this is what execs over at Ford must be thinking after the manufacturer released today the financial report for the entire 2009 ...
Marchionne Expects Chrysler Profitable in 2010
14 Jan 2010, 09:20 UTC · By: Bogdan Popa / Sergio Marchionne is probably the most optimistic person within Chrysler's new board as the Italian sees the US-based manufacturer profitable in 2010, despite the difficult times the company en...
Arizona Speed Cameras May be Banished
9 Jan 2010, 12:04 UTC · By: Andrei Tutu / Speed cameras, these automotive executioners hated by motorists all around the world, may be on the point of losing a battle on U.S. territory. The state of Arizona, the U.S. pioneer when it com...
Ford Restores Merit Pay For Salaried Workers
16 Dec 2009, 11:37 UTC · By: Daniel Patrascu / Being employed by the single American manufacturer to have dodged the bullet in 2009 and escape bankruptcy certainly has its perks. Ford, because this is who we are talking about, will reinstate mer...
Lutz: GM Is Positioned to Be Profitable
3 Dec 2009, 08:06 UTC · By: Bogdan Popa / General Motors, the US-based carmaker that entered and emerged from bankruptcy earlier this year, is still heading the right way, said Robert A. Lutz, Vice Chairman of Global Product Development, i...
Tata Posts Surprising Profit for Q2
27 Nov 2009, 15:04 UTC · By: Daniel Patrascu / Indian carmaker Tata Motors managed to surprise the automotive world today as it posted a consolidated profit of INR217.8m ($4.7 million) for the second quarter of 2009 and added at the same time th...
Ford Successful Even Without Cash for Clunkers
3 Nov 2009, 10:23 UTC · By: Bogdan Popa / When the government officially closed the Cash for Clunkers programme, most of the US automakers registered massive drops in their local sales, with consumers less interested in buying new cars with...
BMW Posts 126 Million Euro Profit for Q3
3 Nov 2009, 10:09 UTC · By: Daniel Patrascu / German carmaker BMW announce yesterday its financial results for the third quarter of the year, with numbers showing Q3 revenues of 11,759 million and a profit before tax of 126 million euros. These...
Ford Posts $1 Billion Net Income for Q3
2 Nov 2009, 13:47 UTC · By: Daniel Patrascu / In a somewhat surprising move, American carmaker Ford posted today an $1 billion net income for the third quarter of 2009, bringing the company's hope level to a new all time high: Ford hopes t...
Honda Eludes First Half Loss
27 Oct 2009, 11:50 UTC · By: Daniel Patrascu / Exceeding even the manufacturer's numbers, Japanese carmaker Honda managed to raise its forecast by no less than four times the initial number: 155 billion yen ($1.7 billion). The increase was ...
Daimler Forecasts Financial Growth in Q4
27 Oct 2009, 11:38 UTC · By: Bogdan Popa / Things are improving for Daimler AG, especially when taking into account the positive development the company has registered in the third quarter of the year. To give you an example, the third-quart...
Mulally: Ford Still on the Right Path to Profit
22 Oct 2009, 15:38 UTC · By: Bogdan Popa / Ford, the only large automaker in the United States that survived without government support, is still on track to return to profitability by 2011, CEO Alan Mulally said in an interview for just-aut...
Silverstone Confirms $1 Million Profit for 2009 British GP
21 Oct 2009, 09:50 UTC · By: Ovidiu Panzariu / Silverstone has become one of the few circuits part of the Formula One calendar that recorded a profit following their hosting of a grand prix. As confirmed by the British circuit, the revenues from...
Marchionne Promises: Chrysler to See Profit in 2011
12 Oct 2009, 08:54 UTC · By: Bogdan Popa / The new Chrysler, as the company is called after the official exit from bankruptcy, is going to become profitable in 2011. At least, this is what the new CEO of the company, Sergio Marchionne, is pr...
Magna Wants Opel Profitable by 2011
11 Sep 2009, 08:04 UTC · By: Bogdan Popa / Magna, the new and confirmed owner of Opel, plans to make its new brand profitable by 2011 and start paying dividens by 2015. Obviously, this sounds somewhat impossible, given the current economic s...